In a typical agency relationship between broker and client, the broker's commission is determined by

A) state law.
B) the local real estate board.
C) mutual agreement.
D) minimums based on the property type.

Answer: C) mutual agreement.

Business

You might also like to view...

Berkley's gross pay for the month is $14,40000. His deduction for federal income tax is based on a rate of 18%. He has no voluntary deductions. His yearly pay is under the limit for OASDI. What is Berkley's net pay? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)

A) $10,706.40 B) $14,400.00 C) $13,298.40 D) $11,808.00

Business

When companies watch both their buyers and their competitors, they are called ________ companies

A) product-centered B) market-centered C) customer-centered D) competitor-centered E) cost-centered

Business